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house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear -- >> to have the wealthier americans pitch in. >> -- that raising tax rates is unacceptable. frankly, it couldn't pass the house. >> you will talk about it even if it's the wrong approach. >> of course we'll talk about it. we'll talk about all kinds of things we may disagree on. i'm the most reasonable, responsible here in washington. the president knows this. he knows that he and i can work together. the election is over. now it's time to get to work. >> speaker boehner sounded ready to pull b
house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes...
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last night house speaker john boehner insisted he's optimistic about an agreement telling abc's diane sawyer he is, quote, the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about -- >> i made clear yesterday that raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's e
last night house speaker john boehner insisted he's optimistic about an agreement telling abc's diane sawyer he is, quote, the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about -- >> i made clear yesterday that raising tax rates is unacceptable. and, frankly, it couldn't even pass the house....
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house speaker john boehner just addressing it. we are half an hour away from hearing from president obama, and we will take those comments live. dennis: and bond, james bond, back amid skyhigh predictions before "skyfall"'s debut. cheryl: looking better than ever. going to break. take a look at some of the s&p winners. we will be right back. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. dennis: fiscal cliff face off. house speaker john boehner with president obama said to make a statement about a half an hour. rich edson on that story from the white house. >> good afternoon. the president will underscore the need for congress to prevent a tax hike on the middle class. what that meant for election for democrats in the white house and the tax rate remaining the same for those families earning $250,00
house speaker john boehner just addressing it. we are half an hour away from hearing from president obama, and we will take those comments live. dennis: and bond, james bond, back amid skyhigh predictions before "skyfall"'s debut. cheryl: looking better than ever. going to break. take a look at some of the s&p winners. we will be right back. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and...
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so john boehner is the most reasonable, responsible guy in washington, according to john boehner. do you agree with that? >> well, you know, it's a new day. and perhaps there's a new john boehner. you know, i'm optimistic, and i think that, you know, elections clarify things and so i think this shows a very positive willingness to make a deal perhaps. >> ana, do you agree with that? >> well, zoraida, let's remember what the house of representatives is like. so it's not a high threshold to be the most responsible person in washington. but i do, you know, i do think that john boehner is doing everything he can to signal he's willing to work to the. i think he received a message that the american people said that they want to see some cooperation. and i do think john boehner is a businessman, a business oriented person who understands the economy, and understands that solving the fiscal cliff would be an important part of not having the economy go off a cliff again. now the big question is, okay, so john boehner thinks he's the most responsible person in washington. will his republic
so john boehner is the most reasonable, responsible guy in washington, according to john boehner. do you agree with that? >> well, you know, it's a new day. and perhaps there's a new john boehner. you know, i'm optimistic, and i think that, you know, elections clarify things and so i think this shows a very positive willingness to make a deal perhaps. >> ana, do you agree with that? >> well, zoraida, let's remember what the house of representatives is like. so it's not a high...
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boehner, and create a genuine partnership. we're at a moment where we could come together as a country. the election is over. we have some huge problems. and a president who is willing to be, genuinely hope can almost always get something positively done. but he is going to have to make a decision that that is where he wants to take the presidency. which after all, he wants it, and he gets to define which kind of presidency he wants. >> is the likelihood of him trying to cooperate and reach out more so now that he didn't have to run for re-election? and one of the other key players is mitch mcconnell. what is the dynamic there do you think? >> i think the president, first time i'm talking about the mutual background on capitol hill, the president may be at a point where he has gotten obama care, which is clearly now not going to be repealed, he has created a bigger government in the direction he wants to go in. and he may want to consolidate and having lived through two solid years of not getting anything done, he may decide h
boehner, and create a genuine partnership. we're at a moment where we could come together as a country. the election is over. we have some huge problems. and a president who is willing to be, genuinely hope can almost always get something positively done. but he is going to have to make a decision that that is where he wants to take the presidency. which after all, he wants it, and he gets to define which kind of presidency he wants. >> is the likelihood of him trying to cooperate and...
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president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the bush tax cuts for families making $250,000, less than $250 a year. he's been very explicit. tax rates will be raised for people who make more than that amount of money. so how did the president respond to john boehner's line in the sand? well we haven't heard from him since he returned to washington yesterday. we were told though by the white house this evening he'll make a statement on the fiscal cliff tomorrow but as far as what we know right now the administration says the president has already laid out his plan. it's a plan he says would cut the deficit by $4 trilli
president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the...
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house speaker john boehner says his party is ready to compromise when it comes to eliminating some tax loom holes and deductions -- loopholes and deductions, but raising tax homes is still off the table. >> the problem with raising tax rates on the wealthiest americans is that more an half of them are small business owners. >> reporter: the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach an agreement on the more contentious issues. tara mergener for cbs news, the white house. >> the white house says the president will veto any bill that extends tax cuts for those making more than $250,000. >>> state and local governments are preparing for the fiscal cliff. virginia's governor directed all state agencies to identify 4% of their budget to cut out. that would affect northern virginia schools, of course, 14% of the fairfax county school budget coming from the state that. would be impacted. >> we're going to be concerned about any cut in funding given how tight our budget is. i think especially given the fact
house speaker john boehner says his party is ready to compromise when it comes to eliminating some tax loom holes and deductions -- loopholes and deductions, but raising tax homes is still off the table. >> the problem with raising tax rates on the wealthiest americans is that more an half of them are small business owners. >> reporter: the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach an agreement...
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house speaker john boehner says he's ready to talk. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> brianna keilar is at the white house. so, brianna, what do you expect president obama to say in this afternoon's remarks? >> reporter: carol, i think this is really going to be him sort of setting the scene and explaining to the american people what is at stake here, some of the things that christine outlined. we know that yesterday the cbo, congressional budget office put out a report saying that really the stakes here, that you could see the country sink into recession next year if we went off the fiscal cliff, that the unemployment rate could jump almost 2%. these are very serious things. this is post election. president obama's chance to kind of turn people's attention to this. and to urge congress to work together and to act. you heard him on tuesday night in chicago talking about the imp
house speaker john boehner says he's ready to talk. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> brianna keilar is at the white house. so, brianna, what do you expect president obama to say in this afternoon's remarks? >> reporter: carol, i think this is really going to be him...
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but john boehner says raising taxes is unacceptable from a possibility of a federal fiscal crisis. bob mcdonnell will be working to find a way to trim the budget. president obama also making major changes to his cabinet. several cabinet members expected to leave. some of these include hillary clinton, leon panetta, timothy geithner, eric holder and ray lahood. and a d.c. council hearing today. it would allow the city to use d.c. tax dollars without the approval of congress. tom davis expected to testify. >> a man -- 31-year-old oscar pleaded guilty thursday to sexual abuse charges. police say he admitted assaulting four woman last august. he faces up to two years in jail when sentenced next week. >> 6:33. but as look around montgomery county. maryland family pleading for help to find a hit and run a driver. this man was hit and critically injured when crossing the street. this and delphi. they told him the car that hit him was involved in a street race and kept on going. >> they hit him they ran the. and i just want to tell them that my cousin is about to die. and i am here sufferi
but john boehner says raising taxes is unacceptable from a possibility of a federal fiscal crisis. bob mcdonnell will be working to find a way to trim the budget. president obama also making major changes to his cabinet. several cabinet members expected to leave. some of these include hillary clinton, leon panetta, timothy geithner, eric holder and ray lahood. and a d.c. council hearing today. it would allow the city to use d.c. tax dollars without the approval of congress. tom davis expected...
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>> reporter: i think in part what he wants to do is prevent the republican house speaker john boehner from setting the agenda, establishing the ground rules when it comes to negotiations over the fiscal cliff. this mix of spending cuts and tax increases that's going to kick in at the end the year. so after returning to the white house victorious you'll hear the president argue today as he did so many times on the campaign trail that household income over $250,000 a year should revert to those higher clinton era tax rates. white house aides say his victory tuesday night is a sign that the american people feel the same way so they have no intention of backing down on that issue no matter how many republicans disagree. beyond that the white house hasn't said how they plan to handle negotiations over the fiscal cliff. they have been regrouping, the president held some meetings with top aides yesterday about it and democrats on capitol hill tell me they are just waiting to hear how the white house wants to move for. there's nothing they can do until they hear from this white house. gayle a
>> reporter: i think in part what he wants to do is prevent the republican house speaker john boehner from setting the agenda, establishing the ground rules when it comes to negotiations over the fiscal cliff. this mix of spending cuts and tax increases that's going to kick in at the end the year. so after returning to the white house victorious you'll hear the president argue today as he did so many times on the campaign trail that household income over $250,000 a year should revert to...
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how did the dynamics change for john boehner? do you agree that he is more empowered two years later to go back to his caucus and strike a deal? >> reporter: i assume he is, but i don't know if he can do it. and that's a great -- you know, i think the next three months are going to be fascinating to watch. does boehner have the guts to go and bring a compromise deal to the house floor that won't get a majority of his republican conference? can he -- does he have the guts to do that if the senate comes up with a compromise that gets 65 votes, gets 10 republicans on board, does he have the guts to do something like that? i don't know. i mean, you know, another part of this republican hand wringing that i'm surprised we're not hearing about is, you know, a lot of the reasons why, for instance, republicans lost senate seats, didn't gain them, but lost them. forget what happened two years ago in 2010 when they didn't win as many as they could have. they lost senate seats, which is still the biggest surprise, i think, of this election.
how did the dynamics change for john boehner? do you agree that he is more empowered two years later to go back to his caucus and strike a deal? >> reporter: i assume he is, but i don't know if he can do it. and that's a great -- you know, i think the next three months are going to be fascinating to watch. does boehner have the guts to go and bring a compromise deal to the house floor that won't get a majority of his republican conference? can he -- does he have the guts to do that if the...
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president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear program. a good friday morning to you. i'm jon scott. >> i'm jamie colby. good to have you here. i'm in for jenna lee today. talk about happening now, there is lot happening this hour. let's start with this. iranian warplanes opening fire an unarmed u.s. drone? the pentagon said it was flying over the gulf. that international waters. fortunately the drone was not damaged. jon: all this as the you know announce as fresh round of new diplomatic talks with iran next month. national security correspondent jennifer griffin live at the pentagon with more on this. this happened november 1st. why are we hearing about it now? >> report
president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear...
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listen to what john boehner said about being reasonable. some rhetoric that's very con silltory. >> we talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> reporter: now the important thing that speaker boehner said, soledad, was that increased revenue would be on the table. so that's the thing to tell you that there may be some middle ground. of course, the devil is in the details. the idea here, though, is that if a framework could be worked on, you may see deductions close, tax credits go away. some deductions, some loopholes closed. and, you know, a lot of people -- even if they're in that top income bracket where they're supposed to be paying 35% or that's the maximum they would pay, some of them effectively are not paying that. they still could be paying more in tax dollars. that could create more revenue. yet the tax rate itself could not go up. com
listen to what john boehner said about being reasonable. some rhetoric that's very con silltory. >> we talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> reporter: now the important thing that speaker boehner said, soledad, was that increased revenue would be on the table. so that's the thing to...
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here's what house speaker john boehner said today in an interview with diane sawyer. >> is the tea party going to be by your side through this? >> we've got members from all different types of -- all walks of life, if you will. >> do you think they come back changed by this election? >> listen, i think this has been the most misreported story of my two years tenure. we don't have a tea party caucus to speak of in the house. all of us who were elected in 2010 were supported by the tea party. these are ordinary americans who have taken a more active role in our government. they want solutions. but we've all come a long way over the last two years, i think we all understand each other a lot better. >> joining me now, former white house press secretary ari fleischer, unpaid occasional communications advisor to the romney campaign. also van jones, former special advisor to the obama white house. ari, what about that? is the tea party to blame for fielding some candidates who weren't ready for prime time, for some of the problems the republican party is having, or what? >> well, it's complicat
here's what house speaker john boehner said today in an interview with diane sawyer. >> is the tea party going to be by your side through this? >> we've got members from all different types of -- all walks of life, if you will. >> do you think they come back changed by this election? >> listen, i think this has been the most misreported story of my two years tenure. we don't have a tea party caucus to speak of in the house. all of us who were elected in 2010 were...
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>> reporter: i think he is trying to keep speaker john boehner from setting the ground rules when it comes to negotiations over the fiscal cliff, mix of spending cuts and tax increases that will kick in at the end of the year. after returning to the white house victorious you'll hear the president argue today, as he did so many times on the campaign trail that household income over $250,000 a year should revert to those higher clinton era tax rates. white house aides say his victory is a sign that the american people feel the same way. they have no plans of backing down. they have not said how they plan to handle negotiations on the fiscal cliff. they've really just been regrouping. he met with top aides about it yesterday. capitol hill is telling me that they're waiting to hear how the white house wants to move forward. there's really nothing they can do until they hear from the white house. we got a stark reminder of how high the stakes are. the nonpartisan congressional budget office released a report saying of all those spending cuts and tax increases associated with the fiscal c
>> reporter: i think he is trying to keep speaker john boehner from setting the ground rules when it comes to negotiations over the fiscal cliff, mix of spending cuts and tax increases that will kick in at the end of the year. after returning to the white house victorious you'll hear the president argue today, as he did so many times on the campaign trail that household income over $250,000 a year should revert to those higher clinton era tax rates. white house aides say his victory is a...
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boehner today and the president of the united states barack obama you can hear that they are divided they don't agree on how to address the deficit so at least the fiscal cliff is something that is on paper i'm gunna happen and less they avert it i say why not go off and we'll talk about it in a few minutes with my maloney here are about oh it's over that's a take a lot of people haven't heard we'll be watching thanks for in well that's going to do it for now but for more on the stories we covered go to youtube dot com slash r t america or check out our website r t dot com slash usa and if you're not already you should definitely follow me on twitter i'm at christine. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. the for. me it is easy feat it's easy. if you. feel. me.
boehner today and the president of the united states barack obama you can hear that they are divided they don't agree on how to address the deficit so at least the fiscal cliff is something that is on paper i'm gunna happen and less they avert it i say why not go off and we'll talk about it in a few minutes with my maloney here are about oh it's over that's a take a lot of people haven't heard we'll be watching thanks for in well that's going to do it for now but for more on the stories we...
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. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans pitch in. >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> reporter: still, today, the president said the debate had been settled, with his victory tuesday night. >> this was a central question during the election. it was debated over and over again. and on tuesday night, we found out that the majority of americans agree with my approach. >> reporter: and he threw down the gauntlet, saying everyone agrees on keeping the middle class tax cuts for those who make under $200,000 a year. so, he say, congress should act on that now. >> and i've got the pen ready to sign the bill right away. i'm ready to do it. i'm ready to do it. >> reporter: and diane, president obama heads to asia next week. before he leaves, he is calling for a meeting of the top house and senate democrat and republican leaders to at least begin to try to find a compromise
. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans pitch in. >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it couldn't even pass the house. >> reporter: still, today, the president said the debate had been settled, with his victory tuesday night. >> this was a central question...
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house speaker john boehner draws a line in the sand two days after the election. saying any tax increase would be unacceptable. the standoff, now, already set, as the president gets surprisingly emotional. >> i'm really proud of all of you. >> in this brand-new footage, released overnight. >>> armed and dangerous. the massive manhuntor the bank robber called the ak-47 bandit. now, caught on tape, holding up banks across the west with an automatic rifle. police racing to track him down before he strikes again. >>> and the surprising revelation from the woman we all know from the dance floor. brooke burke charvet's surprising diagnose. the mother of four's new health battle. >>> always nice to see that we are well-protected here in times square. good morning, everyone. robin is on the mend. elizabeth vargas is back. and, boy, so much anger building up here in the northeast. tens of thousands, now, day 11 without power. the utility companies are under fire for that. and gas is still so hard to find for so many who need it. >> 77% of fuel stations, gas stations, in ne
house speaker john boehner draws a line in the sand two days after the election. saying any tax increase would be unacceptable. the standoff, now, already set, as the president gets surprisingly emotional. >> i'm really proud of all of you. >> in this brand-new footage, released overnight. >>> armed and dangerous. the massive manhuntor the bank robber called the ak-47 bandit. now, caught on tape, holding up banks across the west with an automatic rifle. police racing to...
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mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. here is something that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get hiked up as they're going to at the end of the year unless there is some sort of a change and they come to an agreement, there would wind up being a recession in this country one year from right now, unemployment would be above 9% and the economy, they say, would contract by about a half a percent when it comes to the gdp. those are two very sobering numbers. in other words, if they can figure a way to do something about the debt problem and also about stuff we were just talking about right there, you know, as we got up to the cliff, we'll have a way down. but yo
mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. here is something that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get...
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boehner. more than seven hours 61,000 homes and businesses remained without power on the east coast thursday after a powerful nor'easter knocked out electricity for tens of thousands on top of those still left in the dark by superstorm sandy. the number includes more than 20,000 residents of public housing in new york city, who in some cases also lack heat and running water. three of new york city's hospitals remain closed after losing power during the storm, and there is no current timetable for their reopening. on thursday, new york governor andrew cuomo said economic damage from the storm could reach $50 billion. >> the first cost estimate that i have seen has suggested the storm will cost the region $50 billion in damage and economic loss. the state of new york, about $33 billion in damage and economic loss. that is a staggering number. >> in the face of an ongoing fuel shortage, new york city mayor michael bloomberg has unveiled a new rationing system for the purchase of gas. on thursday,
boehner. more than seven hours 61,000 homes and businesses remained without power on the east coast thursday after a powerful nor'easter knocked out electricity for tens of thousands on top of those still left in the dark by superstorm sandy. the number includes more than 20,000 residents of public housing in new york city, who in some cases also lack heat and running water. three of new york city's hospitals remain closed after losing power during the storm, and there is no current timetable...
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the house speaker john boehner disagrees. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> on tuesday night we found out that the majority of americans agree with my approach. i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach an agreement on the more contentious issues. because of the impending financial doom and gloom, virginia state agencies are looking to cut their budgets by 4% as directedly the governor thursday. peggy fox -- directedly the governor thursday. peggy fox spent the day tracking how those cuts could affect the cities and counties in virginia. >> we still haven't recovered from the last recession, but washington was not as harshly impacted as other parts of the country because federal spending kept people employed here, but now ironically instead of our salvation that, connection could be a curse. schools in northern virgi
the house speaker john boehner disagrees. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> on tuesday night we found out that the majority of americans agree with my approach. i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> the president is asking the congress to sign off on an extension of the middle class tax cuts right now while both sides work to reach...
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that is just about an hour away, john? >> that's right. the fiscal cliff could cause the economy to shrink and destroyed hundreds of thousands of jobs. the question is, can the lame- duck congress prevent that from happening? the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >> according to ernst and young raising the top rates would destroy nearly 700,000 jobs in our country. >> with no bipartisan agreement, laws that to change could mean an end to tax breaks for business. democrats will not raise taxes on -- >> i have a spouse who is underemployed. i have one that will be graduating in may. it is people who are trying to find jobs i would be more concerned about. >> not to mention the new debt ceiling deal is said to cut hundreds of government programs including the defense budget and medi
that is just about an hour away, john? >> that's right. the fiscal cliff could cause the economy to shrink and destroyed hundreds of thousands of jobs. the question is, can the lame- duck congress prevent that from happening? the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal...
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today, the house speaker john boehner told diane sawyer on abc that tax increases cannot be part of a deal. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> shepard: speaker boehner says is he willing to talk about the president's proposals. ed henry is live at the white house for us tonight. ed, what are we expecting to hear from the president tomorrow? >> we are told that he is going to speak really for the first time substantively since the election and that post election party tomorrow about 1:00 p.m. eastern here at the white house. is he going to talk about the economy broadly but specifically the fiscal cliff. what he is willing to do to move forward and with negotiations on capitol hill. as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple da
today, the house speaker john boehner told diane sawyer on abc that tax increases cannot be part of a deal. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> shepard: speaker boehner says is he willing to talk about the president's proposals. ed henry is live at the white house for us tonight. ed, what are we expecting to hear from the president tomorrow? >> we are told that he is going to speak...
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he has spoken with top members including house speaker john boehner about the agenda for congress. the main issue, avoiding the fiscal cliff. joining us now, ed o'keefe, congressional correspondent for the "washington post" and author of the two chambers blog. can you tell us the worst case scenario before we talk about what might happen? >> worst case scenario, you'll see billions of dollars in spending cuts the pentagon and all other federal agencies across washington, which could lead to job cuts, especially in this area. families with children would see their taxes go up as much as $4,700 a year. people might start having to pay the ate tax, another big tax people have to pay, leave it at that. and a host of other things. taxpayers would be paying more and government get smaller in a disasterrous way. >> how did we get here? >> last summer there were the negotiations over the debt ceiling about expanding our borrowing limit. as part of the agreement, they said we're going to put the tax cuts, sorry, tax increases and budget cuts in place, and they left that out there hanging, s
he has spoken with top members including house speaker john boehner about the agenda for congress. the main issue, avoiding the fiscal cliff. joining us now, ed o'keefe, congressional correspondent for the "washington post" and author of the two chambers blog. can you tell us the worst case scenario before we talk about what might happen? >> worst case scenario, you'll see billions of dollars in spending cuts the pentagon and all other federal agencies across washington, which...
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john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to make the right noises. but it's still friday. sometimes bipartisanship in washington is a little like what mark twain said about tom sawyer and huck finn. there was once an evangelist who came to town who was so good that even huck finn was saved until sunday afternoon. there is a short half life. >> so pessimism about business as usual changing in washington? >> not pessimism. just, it's going to be a very -- nobody's interests have radically changed except that do you have this fiscal cliff. you do have this situation that interestingly washin
john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to...
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we heard from john boehner earlier today. you are the president, you lead. >> that is something the president has not wanted to do. even when it came to obamacare he allowed the senate to write the legislation and hung back in the shadows where the legislation worked itself through the process and it will be interesting to see if that is the strategy uses here. i have big questions this afternoon and it seems to me everybody is talking about what they are not willing to do, not what they are willing to do and that is the big problem. here is what happens. you started by talking about this. two million americans lose their jobs. we are in recession. that is what happens. americans don't need another recession at this point. we need a way to get people employed, get food on the table so that we can grow this country again. ashley: what is coming up tonight? gerri: this is going to be really interesting. weaken play the sound from the president and talk about what he makes of it and if you were going to compromise would be and h
we heard from john boehner earlier today. you are the president, you lead. >> that is something the president has not wanted to do. even when it came to obamacare he allowed the senate to write the legislation and hung back in the shadows where the legislation worked itself through the process and it will be interesting to see if that is the strategy uses here. i have big questions this afternoon and it seems to me everybody is talking about what they are not willing to do, not what they...
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. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring more money into this government, we're not going to go for it. >> one last question for you. we talked about this causing a recession. this thelma and louise impact. there could be real impact on the unemployment and economy. >> reporter: if congress does nothing and lets those tax increases happen and don't forget the 2% payroll tax break we ought got this year too, if they let both happen at the beginning of the year plus the massive budget cuts in the government we haven't even talked about that and the effect on the military, if all of that goes into effect, no unemployment benefits extended for people, they think that we could be looking
. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring more money into this government, we're...